OREANDA-NEWS. Fitch Ratings has withdrawn the ratings on all tranches issued by Home Obligors Mortgage Enhanced Securities (RF) Ltd Series 1 (Homes).

Homes is a securitisation of South African mortgage loans originated by Absa Bank Limited (Absa; AAA(zaf)/Stable/F1+(zaf)), which closed in August 2007.

KEY RATING DRIVERS
The ratings have been withdrawn because the instruments have been taken private. Fitch will no longer provide ratings or analytical coverage for the debt instruments.

RATING SENSITIVITIES
Not applicable

SOURCES OF INFORMATION
The information below was used in the analysis.
-Transaction reporting provided by Absa as at July 2015
-De-listing information provided by Absa

Fitch has withdrawn the following ratings:
--ZAR94.4m class B2 notes at 'AAA(zaf)'; Outlook Stable
--ZAR84.5m class B3 notes at 'AAA(zaf)'; Outlook Stable
--ZAR30.9m class B5U notes at 'AAA(zaf)'; Outlook Stable
--ZAR6.2m class B6U notes at 'AAA(zaf)'; Outlook Stable
--ZAR522.7m class B7 notes at 'AAA(zaf)'; Outlook Stable
--ZAR301.5m class B8U notes at 'AAA(zaf)'; Outlook Stable
--ZAR37.7m class B9U notes at 'AAA(zaf)'; Outlook Stable

--ZAR130m class C2 notes at 'AAA(zaf)'; Outlook Stable
--ZAR184m class C3 notes at 'AAA(zaf)'; Outlook Stable
--ZAR30m class C4U notes at 'AAA(zaf)'; Outlook Stable
--ZAR30m class C5U notes at 'AAA(zaf)'; Outlook Stable

--ZAR73m class D2 notes at 'AA(zaf)'; Outlook Stable
--ZAR70m class D3 notes at 'AA(zaf)'; Outlook Stable
--ZAR22m class D4U notes at 'AA(zaf)'; Outlook Stable
--ZAR18m class D5U notes at 'AA(zaf)'; Outlook Stable

--ZAR41m class E2 notes at 'A(zaf)'; Outlook Stable
--ZAR46m class E3 notes at 'A(zaf)'; Outlook Stable
--ZAR29m class E4U notes at 'A(zaf)'; Outlook Stable

--ZAR19m class F2 notes at 'A(zaf)'; Outlook Stable

--ZAR18m class G2 notes at 'A(zaf)'; Outlook Stable.